Analysts of the Russian PSB bank notes that what is happening in Russia is a consequence of the growing economic problems of the country. “Exacerbation with payments may be associated with emerging financial problems,” they say in the analysis.
PSB experts state that the current situation in Russia is only comparable to the crisis that prevailed in this country in 2020 – that is, at the peak of the pandemic.
Over the past six months, the situation has deteriorated in every fourth surveyed Russian company – and this is just the beginning of Russian business problems.
15 percent survey respondents noticed that the number of insolvency cases is increasing.
According to the data of the Central Bank of Russia (as at June 1), in five months, SME arrears increased by almost 20 percent. and reached 766 billion rubles (nearly PLN 35 billion, counting at the current exchange rate).
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The building of the Russian Central Bank in Moscow (illustration photos)
The total loan portfolio for small and medium -sized enterprises was 15 trillion 500 billion rubles (approx. PLN 700 billion), and The share of arrears increased from 4.4 percent. up to 4.9 percent
79 percent companies indicated significant delays in payments, and 58 percent – for complete refusal to pay for the goods/service delivered.
– High interest rates provoke mass payments. Customers, receiving goods or service, prefer to delay payments-wrote Aleksiej Klimjuk from the company “Alfa-capital”, which manages investment funds, citing customer relations. This problem was also noticed by the TSMAKP Analytical Center in the Kremlin authorities.
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“The situation in the sales sector looks particularly bad”
As the index showed based on the results of surveys, the situation of small and medium -sized enterprises is still getting worse. Since the middle of last year, this index has been falling and approached the border separating the increase in economic activity from the inheritance. At this point, the indicator indicates the risk of recession in the SME sector.
In May and June, the index value was about 51 points. This is the least since autumn 2022 (over 50 points means an increase in economic activity, below – decrease).
The situation in the sales sector looks particularly bad – this index component has been at the lowest level since December 2022. In June, sales fell almost in every second Russian enterprise (47 percent), and increased only in 13 percent. surveyed companies.
According to the authors of the high interest rate, the sales problems intensify. The mood of small and medium -sized enterprises is getting worse. Only 26 percent He expects sales increases, which is the lowest level since the beginning of the year.
From this year, income tax increased in the Russian Federation. Enterprises with turnover over 60 million rubles (approx. PLN 2 million 730 thousand, counting at the current exchange rate) must pay VAT.
According to the survey, the cases of blocking SME accounts in Russia have intensified in Russia due to the arrears in tax payments. At the same time, the average duration of the blockades has extended, which has serious consequences for Russian enterprises.
Small companies feel the effects of high interest rates and economic slowdown even more than large enterprises.
I’m Ashley Davis as an editor, I’m committed to upholding the highest standards of integrity and accuracy in every piece we publish. My work is driven by curiosity, a passion for truth, and a belief that journalism plays a crucial role in shaping public discourse. I strive to tell stories that not only inform but also inspire action and conversation.
